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Mortgage Offset

Link this account to your home loan. The entire balance in your account is offset against your home loan balance before your loan interest is calculated. A Mortgage Offset reduces the amount of interest you have to pay on your home loan.

If you link a card to your Mortgage Offset, you'll get access to card control features that allow you to mange the way you transact, temporarily lock your card and create custom notifications to monitor your card activity.

Link your Mortgage Offset to Round UP, an optional feature where any eligible purchase you make using your Visa debit card is rounded up to the nearest dollar with the extra amount credited to your nominated Savings, Mortgage Offset or eligible Credit Card.

Manage your banking 24/7 with the Bank Australia app.

Frequently asked questions

If you're ahead with your repayments, you may be able to redraw (fees may apply). Log into Internet banking to redraw online - simply transfer from your home loan to your Everyday Access account. You can also call us to arrange a transfer over the phone.

No fee applies for redraw for Premium Home Loan or Premium Package Loans. Redraw is available on Fixed Loans – additional repayments up to $20,000 per year whilst fixed.

If you are looking to refinance your Bank Australia home loan we need a completed discharge request from the financial institution you are refinancing to. The transfer usually takes three to five weeks.